Tuesday, September 17, 2019
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Deutsche Bank Joins JPMorgan’s Interbank Information Network Platform

Germany’s largest bank, Deutsche Bank, has joined 320 other banks in the JPMorgan blockchain network, the Interbank Information Network (IIN). The move aims to lower cost for Deutsche Bank, which handles a vaster amount of euro payments relative to any other bank globally. This will also enhance cross-border transactions and thus

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The European Central Bank Might Issue Digital Currency to Counter Facebook Libra

The European Central Bank (ECB) plans to develop an alternative public cryptocurrency, according to a new report on Forbes.French and German government officials back the supposed ECB’s plans for a development of a digital currency, which could become a potential rival to Facebook’s Libra and Bitcoin(BTC)trade like other popular cryptocurrencies.

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Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN).Two years in operationLaunched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the

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Banco Santander Becomes the First Ever Bank to Issue a Blockchain-Backed Bond

Banco Santander has announced that it has successfully issued a bond that is backed by end-to-end blockchain, and possibly revolutionizing the bond technology. The news was revealed on September 12th through a press release issued by the bank itself.As stated in the press release, the technology behind the bond consists

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New Bitcoin Trading Record as Biggest Bank Embraces Petro

Venezuela’s largest bank, the Bank of Venezuela (BDV), has added support for the country’s controversial Petro digital currency. Bank of Venezuela hints at crypto walletAs cryptocurrency news outlet Decrypt reported on Sept. 13, BDV clients have discovered a new section in their online banking account dedicated to cryptocurrencies. At present, the crypto

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US Senate Discussion: Crypto Miners Should Be Regulated Under Bank Secrecy Act

Following a recent argument presented by David Murray, a human-trafficking expert, we can’t help but wonder if this is a regulatory scheme or an outright ban on a whole technology.In a written document delivered before a hearing on human trafficking at the Subcommittee on National Security and International Trade and

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Swiss National Bank President Says Stablecoins Could Hamper Policy

Swiss National Bank (SNB) President Thomas Jordan said that stablecoins pegged to foreign currencies could hamper Switzerland’s monetary policy in some circumstances.Cryptocurrencies’ limited use as payment instrumentsOn Sept. 5, Jordan spoke at the University of Basel, saying that he is convinced that cryptocurrencies are of limited use as payment

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